Compliance Analyst

Company Description

Fiat Republic is a London-based remote-friendly fintech dedicated to bringing mainstream banking to the world of digital assets. Founded in 2021, the company has quickly established itself as a leading provider of banking and payment infrastructure for cryptocurrency companies.

Our Mission

Fiat Republic's mission is to bridge the gap between traditional finance and digital assets by providing cryptocurrency businesses with a single API to create bank accounts in multiple fiat currencies, access local bank payment rails, and manage FX and liquidity operations. We are a highly regulated business, with electronic money and money service business licenses in the UK, EU, US and Canada. We are also an issuer of MiCAR compliant stable-coins, with the distinction of being the first EMI in Europe with custody privileges. As such, we are perfectly placed to bridge the gap between tradFi and web3.

Our Platform

The Fiat Republic platform is built with a developer-first ethos, making it easy for crypto platforms to integrate with our services and start processing fiat payments. We also have a strong focus on AML, regulatory compliance, and security, ensuring that our clients can operate their fiat flows sustainably, safely and securely.

Our Team

Fiat Republic is a diverse team of outstanding individuals with a wide range of backgrounds and experiences. We are headquartered in London, with a presence in the Netherlands, Poland, Turkey and Canada. We are committed to providing our employees with a fun and thriving work environment, offering rapid skills development and the opportunity to learn about the payments and crypto industries.

Our Investors

Fiat Republic is backed by top-tier venture capital firms such as Speedinvest, Credo Ventures, Seedcamp, Fabric Ventures, Kraken Ventures, Arca, and Inovo Ventures. We are also alumni of the Softbank Emerge Accelerator program.

Our Impact

Fiat Republic is making a significant impact on the cryptocurrency industry. By providing crypto businesses with a simple and secure way to bank and process fiat payments, we are helping to drive the adoption of digital assets and making it easier for people to access the benefits of cryptocurrency.

Our Future

With the increasingly positive tailwinds in the cryptocurrency industry, Fiat Republic is poised for continued stellar growth. We are constantly expanding our platform and adding new features to meet the needs of our clients. We are also looking to expand our team and hire talented individuals who are passionate about banking, payments, cryptocurrency, and working in a fast-paced start-up environment.

Role Description

We are accelerating at an incredible pace and are now looking for a Compliance Analyst with a hands-on approach to join the (Global) Compliance Team and assist with our Compliance Operations activities across our ever increasing number of Group locations. The main responsibilities include:

• Acting as a first line defence for Fiat Republic's compliance operations team on AML/KYC related issues, and being responsible for the early detection and identification of financial crime risks
• As a Compliance Analyst, you will play a pivotal role in shaping and enhancing our compliance operations strategy as we navigate through rapid growth and expansion. You will lead the charge in ensuring the integrity of our compliance processes across diverse jurisdictions, leveraging your seasoned expertise to mitigate risks effectively.
• Manage end-to-end KYC/CDD reviews, including onboarding, documentation verification, risk classification, approval recommendations, periodic reviews, remediation, and ongoing due diligence.
• Reviewing and processing documents from customers, and conducting a compliance assessment on their internal Compliance Framework in line with internal policies
• Escalating any red flags and potential risks associated with customer activities
• Drafting internal procedures and working on the effective implementation of these documents
• Assisting with compliance operations activities across the different jurisdictions that Fiat Republic is active in, ensuring timely and quality submission of documents
• Conduct EDD on higher-risk customers, including PEP/sanctions screening, adverse media, source of funds/wealth, geographic exposure, and ownership structure assessments.
• Training and coaching new joiners
• Keep abreast of industry developments and trends, and recommend changes to the program as necessary
• Collaborating with other teams across different locations
• Carrying out any other ad-hoc duties as required by your Supervisor
• Readiness to work on morning or afternoon shifts
• Being flexible with responsibilities and having a positive attitude towards any changes to the role departmental objectives, priorities, and targets
  
  

Our Requirements

• 2+ years of KYC/KYB professional experience within a financial services environment (EMI or Fintech experience is a significant advantage)
• Great understanding of local as well as global AML / KYC regulations (specific knowledge on the Netherlands and UK legal regulation is a strong plus)
• Experience with cryptocurrency market is a very significant advantage
• Ability to get involved and take a hands-on approach to our business as usual tasks while we scale
• Ability to manage various customers while maintaining a commitment to complying with the letter and spirit of laws and regulations
• Bachelor and affinity with the financial sector (certified compliance education is a strong plus)
• Excellent English oral and written communication skills is a must
• Be a self-starter, capable of working autonomously with minimal supervision, but also a team player at heart
• An attitude and evidence of excellence. Not just saying, but showing in your everyday behaviours, a desire and necessity to continually improve us and yourself
• We're looking for you to play an active role in enhancing our compliance framework. Your insights and strategic approach will be crucial in refining our practices, making them more efficient, and strengthening our compliance stance. Your attitude will motivate the team to maintain top-notch regulatory compliance, fostering a culture of excellence and innovation throughout our organization
• We expect you to grow, both professionally and personally. We are going places, and we need the best people to develop into our future leaders
  
  

Why join us?

• Meaningful stock options in a rapidly growing company alongside a competitive base salary of $65,000 – $70,000 CAD per year, commensurate with experience.
• Opportunity to get in on the ground floor of a 1st-to-market, fast-growing regulated fintech backed by tier-1 VCs, working with an incredible team of payment experts
• Empowerment to take ownership at all levels and make high-impact decisions
• Fun, collaborative and meritocratic culture with zero tolerance for politics
• Work in a truly multi-national team (offices in Toronto, London, Amsterdam and Krakow, with more coming soon).
• Hybrid working model with at least 1 mandatory day per week from our Toronto office
• Also the option to work from any of our other hubs for up to 6 weeks.
• Company retreats to celebrate successes and spend time together in person
  
  

If you're keen to apply your skills in a role that blends precision with innovation, we'd love to have you on our team. If you’re interested, but don’t check off all the boxes - we’d still love to hear from you.

Fiat Republic is a firm believer in meritocracy and an equal opportunity employer committed to selecting, developing, and rewarding employees based solely on their qualifications, performance, and ability to do the job. We do not use quotas and do not base hiring decisions on gender, ethnicity, or background. We are firmly committed to creating a work environment where everyone is valued, heard, and respected, and where all individuals have an equal opportunity to contribute and succeed based on merit.

Fiat Republic is committed to providing accommodation for applicants with disabilities throughout the recruitment process in accordance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code. If you require accommodation at any stage of the application or interview process, please let us know.